CurrencyShares Swiss Franc Trust (FXF) 2/9/10 PriceWatch Alert Up To 3.18% Downside Protection
Posted: Tuesday, February 09, 2010 8:46 AM EDT
By: Market Intelligence Center Staff
CurrencyShares Swiss Franc Trust (PACF: FXF) closed yesterday at $92.77. So far FXF has hit a 52-week low of $83.50 and 52-week high of $100.04. FXF has been showing support around 92.46 and resistance in the 93.24 range. Technical indicators are Bearish. FXF appears on the Investors Observer Select ETF and HOLDR list. For a hedged play on this stock, look at a Jun '10 92 covered call for a net debit in the $89.82 area. That is also the break even stock price for this trade. This covered call has a 130 day duration, provides 3.18% downside protection and a 2.43% assigned return rate for a 6.81% annualized return rate (comparison purposes only). [ATU-Seven Summits Research]
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